Friday, November 21, 2008


So every few weeks a new selloff emerges that attempts to one-up the previous selloff. I showed some tables with incredible extreme conditions on 10/9 and 10/27. And now I present…contestant #3.

Also notable is that the CBI popped up to 13 today.

The top 3 breadth stats come from Worden Bros. TC2000.

P.S. Traders may want to take a look at the charts following the previous two extreme posts.


PCP said...

How do you calculate true range and is that simple moving average or exponential?

Really enjoy reading your blog.

Rob Hanna said...


Thanks. All averages are simple unless I specify them as exponential. I use simple more often.

True range for SPX is not as accurate as for SPY becasue the chart is basically gapless. If a gap does show, then it is included in the calculation.